Ouch. I'm not being mean or critical folks, it's just numbers. And don't worry, I'm not here to point fingers, I'm here with clear solutions.
But first, let’s do the math, just so you know where that number comes from!
Let’s say you’re charging $850 per month in tuition for a 3 year old. And you’ve got a total of just 10 spots OPEN in your preschool.
Take $850 and multiply it by 10 (children), which is $8500, then multiply that by 12 months.
$850/month x 10 open spots x 12 months = $102,000.
Yes, you're MISSING OUT on $102,000 the large majority of which would go RIGHT TO YOUR BOTTOM LINE.
Your 10-child gap, which doesn't seem all that much, is truly costing you $102,000.00 per year in revenue.
What could you do with those funds? New playground? Outdoor classroom? Teacher raises or bonuses? A trip to Italy for you and your family? Dream about what you would do, then let’s GO GET IT.